The IRS streamlines business tax audits with new rules that phase out slow processes and expand settlement options, starting ...

The IRS will have much less of a view into how much income small businesses and independent contractors make because there ...

The slot reporting threshold is governed by an IRS regulation, so the change will not go into effect until the agency updates ...

“While raising the slot reporting threshold to $2,000 is a step in the right direction, it is still inadequate," Titus, a ...

For gamblers accustomed to the $1,200 threshold for slot machine jackpots, it’s big news. Slots that lock up while the player ...

The change does not go as far as gamblers wanted, but it does provide much needed relief to a major pain point.

The tax law that President Donald Trump signed in early July — the One Big Beautiful Bill Act — quietly raised the federal tax reporting threshold for slot winnings from $1,200 to $2,000. This is the ...

More than one-quarter of the agency’s workers have left in the past three months, raising the likelihood of service gaps and processing delays, a report says.

©2025 Bloomberg L.P. The Internal Revenue Service (IRS) building in Washington, DC, US, on Tuesday, Dec. 31, 2024.

The IRS reinterpreted a tax rule, ... What is the Johnson Amendment? What to know as IRS changes tax exemptions By Natalie Demaree. July 9, 2025 1:41 PM.

According to a recent report , opens new tab from the Treasury Inspector General for Tax Administration (TIGTA), more than 11,000 IRS employees — approximately 11% of the agency's workforce ...